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TESORO GOLD LTD Net Asset Value 2009

Jul 13, 2009

65957_rns_2009-07-13_405b3524-e304-430b-8b85-c38c1a67e2ee.pdf

Net Asset Value

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TO: COMPANY ANNOUNCEMENTS OFFICE

COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED

FROM: VAN EYK THREE PILLARS LIMITED DATE: 14 July 2009

NO. OF PAGES:

Notification of Net Tangible Assets

We hereby provide notification of van Eyk Three Pillars Limited’s net tangible asset backing per ordinary share as at the close of the last month.

Net Tangible Asset Backing per Ordinary Share Net Tangible Asset Backing per Ordinary Share
Month End June 2009
Gross Tangible Asset Backing*
(prior to deferred tax)
$0.91
Add Deferred Tax Benefit $0.01
Net Tangible Asset Backing $0.92

*This amount is net of any deferred tax asset on unrealised investment losses.

Net tangible asset backing includes investments at current market value less associated selling costs and includes the deferred tax asset on unrealised investment losses.

Peter Roberts Company Secretary

van Eyk Three Pillars Limited ABN 91 106 854 175 Level 7, 20 Hunter St, Sydney NSW 2000 GPO Box 5482, Sydney NSW 2001 P (02) 8236 7701 F (02) 9221 1194

www.vaneyk.com.au www.threepillars.vaneyk.com.au